Risk Control on Wall Street

Berkshire's quota share treating with Swiss Re covering 20% of property casualty risk ends in 2012. Does Berkshire plans replace that premium volume through another transaction? Well, we would love to do it if we were expanding the Swiss Re contract and we don't want to write any dumb business when we We lose that contract. But what we do has no relationship to the expiration of that contract. I don't think there's another large insurance operation in the world that is more cheerful about losing volume than we are It doesn't make sense.